Question

Sold goods costing RS10000 at a profit of 20% above cost less 10% trade discount and 1% cash discount to RAM who paid half the amount in cash.​

Answer 1

Answer:

Ram a/c dr. 5400

cash a/c. dr. 5346

discount a/c. dr. 54

To sales a/c. 10800

Explanation:

10000+2000=12000-1200=10800

half amount paid in cash so cash discount avail on half amount

10800/2=5400

5400-54=5346